Economy
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Jan- 2018 -15 January
High street sees sharpest footfall decline in four years
New figures from the British Retail Consortium (BRC) and Springboard show footfall in the month of December suffered its sharpest decline since March 2013 Total UK retail footfall fell by 3.5% compared with December 2016, while the high street saw a sharper drop, down by 4.6%. Shopping centres suffered a…
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15 January
Israel Diamond Exchange announces diamond-based cryptocurrencies
The Israel Diamond Exchange (IDE) will unveil two new diamond-based cryptocurrencies at the next 2018 International Diamond Week in Israel (IDWI) Created by startup Carats.Io, the group will host a seminar introducing its new diamond-backed financial instruments and explain the benefits it could have for the diamond industry. Carats.Io will…
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12 January
Shoppers make 80% of retail purchases online
Online shoppers in the UK make 80% of their retail purchases online, up from 74%, according to a new report. The Royal Mail’s ‘Delivery Matters’ report found that the proportion of money being spent online has increased year on year. The average online shopper spends £40 each month on clothes…
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11 January
Investors flee Pandora in 15% share price fall
Pandora’s shares have plummeted by almost 15% in January so far, the largest drop in market capitalisation the company has seen in six years. The bracelet and charms jewellery brand reported 2017 sales of 22.8bn Danish crowns (DKK) (£2.6bn) were up by 15% in local currencies, but below its…
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9 January
UK retail sales show marginal growth over Christmas
UK retail sales showed less growth over Christmas than they did last year, according to figures from the British Retail Consortium (BRC). Retail sales increased by 0.6% on a like-for-like basis from December 2016, which was a decline compared to an increase of 1.0% from the preceding year. Over the…
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Dec- 2017 -22 December
Hallmarking figures drop by 11% in November
The volume of jewellery hallmarked by the four UK assay offices fell by an average of 11% in November compared with the same period the previous year, according to figures compiled by the Birmingham Assay Office. The average volume of gold pieces hallmarked fell by 12.1% to 492,537 compared with…
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22 December
90% of retailers to ‘struggle’ with upcoming accounting rules
Britain’s retailers look set to emerge as the most exposed to new lease commitments, according to analysis by Aptitude Software, a global financial software specialist. The firm predicts that 90% of UK high street retailers will struggle to comply with the impending lease accounting standards (IFRS 16) which come into…
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20 December
CBI announce retail sales rise in Christmas run-up
Retail sales rose in the year to December, building further on November’s solid performance, according to the latest monthly CBI Distributive Trades Survey. The survey of 109 firms, of which 56 were retailers, showed that in the year to December, retail sales and orders continued to rise, although it noted…
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18 December
Billion-pound online spend predicted for Boxing Day
Online retail spend on Boxing Day will exceed a billion pounds for the first time, according to new figures. The Interactive Media in Retail Group (IMRG) estimates that consumers will spend as much as £1.03bn through online shopping this year on Boxing Day, a 7.9% increase on 2016 when total…
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18 December
Watchfinder places 88th in Sunday Times fast track 100
Watchfinder received its third consecutive award from The Sunday Times virgin fast track 100, placing 88th in the list ranking private British companies with the fastest growing sales. The company will collect its award at the 21st annual fast track conference and awards dinner on 23 May 2018, co-hosted by…
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